Media

In this section you will find all of the latest news and updates on the Group's activities along with recent press coverage.

Press Releases

SCARBOROUGH AND BCEG SIGN £85 MILLION BUILDING CONTRACT FOR PHASE 1 OF MIDDLEWOOD LOCKS, MANCHESTER Posted: 29th Nov 2016

SCARBOROUGH AND BCEG SIGN £85 MILLION BUILDING CONTRACT FOR PHASE 1 OF MIDDLEWOOD LOCKS, MANCHESTER

Scarborough International Properties Limited (Scarborough), the UK and International Real Estate Developer and Investor, and BCEG today announce that they have signed an £85 million contract for the construction of phase 1 of its 24.5 acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District.

 

The Contract was signed by Kevin McCabe, Chairman of Scarborough and Mr Xing Yan, Managing Director of BCEG and was witnessed by Simon McCabe, Deputy Chairman and Joint CEO of Scarborough. Long standing partners from FairBriar Real Estate (the joint venture undertaking the scheme), Lawrence Chiang, COO of Metro Holdings Singapore and Michael Rex, Director of Investments of Hualing Group, Urumqi, China were also present.

 

The event marks a major milestone in the development of phase 1, which will be completed in October 2018. The first phases, which were granted detailed planning consent by Salford City Council in December last year, will comprise of 571 homes and associated commercial space, including convenience shops, restaurants, extensive new public realm including canal side footpaths and cycle ways to the City centre. The first residents are expected to start moving in to the apartments in March 2018.

 

The Middlewood Locks development will deliver a vibrant new mixed-use neighbourhood which, in total, will provide 2,215 new homes and 900,000 sq ft of commercial development space including offices, hotel, shops, restaurants, a convenience store and gym. The scheme will have public green space and will be developed around three large basins of the Manchester, Bolton and Bury Canal which connects to the River Irwell and is a short distance from the central business district and retail amenities of Manchester city centre.

 

Phase 1 has a gross development value of more than £150 million and is expected to create more than 300 jobs for the local region.

 

Kevin McCabe, Chairman of Scarborough commented: “We are delighted to have signed BCEG for the first phase of our Middlewood Locks development. This marks the culmination of many years of hard work and collaboration between all involved, both in the UK and China.”

 

Mr Xing Yan, Managing Director of BCEG said: “We look forward to continuing our work with Scarborough on the development of this significant and strategic regeneration project.”

 

Lawrence Chiang, Chief Operating Officer of Metro Holdings, said: “Today’s ceremony marks a significant milestone in our plans for the development of Middlewood Locks. This is a truly global endeavour.”

 

Michael Rex, Director of Investments of Hualing Group, added: “This is a major regeneration scheme which highlights the benefits of global collaboration and the attractiveness of the Northern Powerhouse to international investors.”

VSOFTCO ANNOUNCES NEW ASIAN EXPANSION Posted: 15th Nov 2016

VSOFTCO ANNOUNCES NEW ASIAN EXPANSION

VSoftCo Ltd, a specialist software development company in the global virtual sports market, announces that it has opened an Asia region office in Hong Kong to support VSoftCo’s expansion into the Asian market.

 

The new office will provide localised client facing services and account management in support of VSoftCo’s development into the Asian market. VSoftCo, which is part of the Scarborough Group, will look to build on its parent’s existing links in Asia which have to date been based on wider group activity. 

 

Eric Liang has been appointed as VSoftCo’s Director for Asia and will be working on developing partnerships to ensure that VSoftCo is at the forefront of the virtual sports market in Asia.

 

Simon Westbury, Managing Director at VSoftCo commented: “As part of our global expansion plans and in keeping with our business principles of being as close as possible to our partners, we are pleased to announce the opening of our Asian office.

 

In recent years we have seen VSoftCo expand in Europe, North America and Latin America. This latest expansion will ensure that VSoftCo is in the best position possible as we double our efforts in the expanding Asian market.”

Topping out of Acero - The next phase of the successful Sheffield DC development Posted: 14th Nov 2016

Topping out of Acero - The next phase of the successful Sheffield DC development

Scarborough International Properties (SIPL) has today celebrated a key construction milestone at Acero, the new 80,000 sq ft office building at its Sheffield DC development.

Guests from across Sheffield and the wider region were able to survey the new building during a traditional ‘topping-out’ ceremony held on site.

Attendees included Scarborough’s Chairman, Kevin McCabe and Councillor Leigh Bramall, Deputy Leader of Sheffield City Council. They were joined by Andy Bruce, Managing Director of the main contractor GMI Construction and other guests. The event celebrated GMI’s rapid progress since construction began at the start of the year. Guests were able to see the striking architecture of Acero which is now taking shape.

Acero is due to be completed in summer 2017 and will offer just over 80,000 sq ft of flexible Grade A office accommodation over six floors, with floorplates of up to 14,700 sq ft. The building has a prominent position directly opposite Sheffield’s mainline railway station and sits adjacent to Sheffield Parkway, providing direct access to the M1.

The speculative scheme is a 50:50 joint venture between Scarborough and Metro Holdings Limited of Singapore.

Kevin McCabe, Chairman of Scarborough Group International, said:

“We are delighted to have reached this major milestone. Acero is the latest in a series of developments that point to our confidence in the business, our confidence in Sheffield and our confidence in ‘The Northern Powerhouse’. DC has fast become the most prominent city business park in Sheffield. Acero will make a strong addition by delivering 80,000 sq ft of new office space at a time of growing interest from occupiers. Working with the Council, GMI and other partners we are delivering an exemplary business district that will only go from strength to strength.”

Councillor Leigh Bramall said:

“This is an excellent development which will attract national firms given its connections to the railway and ring road. It combines the local expertise of the Scarborough Group and is backed by investment from Singapore, complementing the Council’s long-term strategy to create a knowledge corridor from Castlegate to the railway station and into the creative industries quarter.”

Andy Bruce, Managing Director of GMI Construction, said:

“We have continued to make excellent progress on Acero since the start of construction at the beginning of the year. This is a flagship project for GMI and we’re delighted to be involved in delivering a new major office building for Sheffield.”

Acero is being let by Commercial Property Partners (CPP) and Fernie Greaves, who are talking to a number of interested occupiers.

VSOFTCO SECURES PARTNERSHIP WITH IFORIUM Posted: 8th Nov 2016

VSOFTCO SECURES PARTNERSHIP WITH IFORIUM

VSoftCo Ltd, a specialist software development company in the global virtual sports market, announces that it has entered into a multi-year agreement with Iforium the leading provider of multi-vendor casino software.

 

This partnership will see VsoftCo integrate their complete portfolio of virtual football content to Iforium’s Gamflex casino platform. This will include, all virtual football products including the first integration of VStriker, the exciting joint venture between VSoftCo and The Striker comic strip that first appeared in The Sun newspaper in 1985. As well as VSoftCo’s casino based table games, it will also include the exciting roulette version of Spot the Ball.

 

Simon Westbury, Managing Director of VSoftCo said: “This partnership is very exciting for VSoftCo as it sees the first distribution deal of our JV VStriker and the launch of our new table games which incorporate a new twist on existing favourites such as roulette. We cannot think of a better partner to launch these new products with and we are confident that we can support Iforium and their customers in growing their existing business.”

 

Phil Parry, CEO of Iforium commented: “I am delighted to confirm our agreement with VSoftCo and welcome the addition of their innovative content to the Gameflex platform. It’s an important statement that Iforium have been able to secure the first distribution deal with VSoftCo for their exciting VStriker game. The quality of VStriker along with VSoftCo’s table games and roulette version of the classic game Spot The Ball will help to further differentiate the Gameflex offering. I am excited about this partnership with VSoftCo and I look forward to imminently launching their content to our operators.”

SCARBOROUGH APPOINTS PAUL KELLY AS DEVELOPMENT DIRECTOR Posted: 8th Nov 2016

SCARBOROUGH APPOINTS PAUL KELLY AS DEVELOPMENT DIRECTOR

Scarborough International Properties (“Scarborough”), the McCabe family’s real estate development and investment company has appointed Paul Kelly to its Board as Development Director, to oversee its £2 billion development programme which includes Middlewood Locks, Manchester; Thorpe Park, Leeds; and Sheffield Digital Campus.

 

Paul is a Chartered Surveyor with over 15 years’ experience in the property industry across the UK and Ireland with a focus primarily across all commercial sectors. Prior to joining Scarborough in November last year, he was a partner at Knight Frank in its Development and Agency team where he advised commercial occupiers, property developers and UK Funds on the delivery, disposal and management of their property assets. 

 

The Board comprises Kevin McCabe, Chairman; Simon McCabe, Deputy Chairman and Joint Chief Executive; Simon Marshall, Joint Chief Executive; Jeremy Tutton, Finance Director; Paul Kelly, Development Director; and, Scott McCabe, non-executive Director.

 

Kevin McCabe, Chairman of Scarborough commented:Since joining us Paul has shown great commitment, knowledge and experience. With the support and hard work of all of our development team, we have seen significant progress across our development portfolio under Paul's leadership”.

VSoftCo forms joint venture with football comic Striker Posted: 3rd Nov 2016

VSoftCo forms joint venture with football comic Striker

Virtual sports software company VSoftCo Ltd has teamed up with football comic Striker to create the world’s first branded virtual soccer game.

 

The partnership - between VSoftCo and Striker creator Pete Nash – will be in the form of a joint venture called VStriker Ltd. The company will produce 3D-animated versions of an online betting game and a social game based on a new concept called Striker World Soccer League.

 

Both game versions will integrate with the serialised Striker storylines in The Sun - Britain’s biggest-selling daily paper – and Striker’s Planet Striker YouTube channel, which shows daily motion comic video versions of the newspaper strip. A weekly Striker comic is due to launch in the New Year.

 

Striker World Soccer League will herald a new era of the 31-year-old Striker comic, which is followed by 1.8 million readers in The Sun. The episodes will follow the creation of a world club football league, comprising fictitious teams from real cities around the world.

 

Although the story will kick off in the UK, it is envisaged that each country with a participating team will eventually run their own storylines.

 

The games will be powered by the only real-time rendered football animation technology created by VSoftCo. Brand new motion capture technology – sourced from professional footballers at Sheffield United – will make Striker World Soccer League one of the most lifelike virtual games on the market.  

 

Simon Westbury, Managing Director at VSoftCo, said: “This joint venture is a hugely exciting opportunity to extend the audience and geographical reach of our gaming software products and to help develop Striker into a global brand.”

 

Pete Nash said: “I’m delighted to be launching this new venture with VSoftCo. Striker is already produced with 3D software but VSoftCo’s expertise in animation and gaming will help to make Striker even more realistic, while Striker in turn will inject drama and fun into virtual gaming.

 

“And Striker fans will be able to interact and engage with the brand through a series of unique initiatives.”

SCARBOROUGH APPOINTS LIV AS PRS MANAGER FOR MIDDLEWOOD LOCKS Posted: 28th Oct 2016

SCARBOROUGH APPOINTS LIV AS PRS MANAGER FOR MIDDLEWOOD LOCKS

Scarborough International Properties (“Scarborough”) has appointed the leading private rented sector operator, LIV Group (LIV), as its residential management partner for its Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District. Middlewood Locks is set to provide more than 2,000 new homes for the city region.

 

LIV will be responsible for the mobilisation, lease-up and operational management of the residential estate, where the first phase of 571 homes will complete at the end of next year (2017).

 

Overall, Middlewood Locks will deliver a new mixed-use neighbourhood, combining city living, green space and community spirit. In total, it will provide 2,215 new homes [designed for the Private Rented Sector (PRS)], and more than 750,000 sq ft of commercial space, including offices, hotel, shops, restaurants, convenience stores and gym.

 

LIV, based in Leeds and Manchester, has spent the past two years working alongside the team at Scarborough focussing on design detail and operational delivery with a focus on creating a unique new neighbourhood for residents. A comprehensive Masterplan is in place for the residential and commercial estate, centred around fantastic canal basins to offer waterfront living and significant public realm.

 

Simon Marshall, Joint CEO of Scarborough commented: “LIV’s approach is unlike other managers with a creative and innovative team who have a real understanding of marketing and customer engagement. We are delighted to be working collaboratively with LIV as we work towards making Middlewood Locks an unrivalled residential neighbourhood, next to the commercial heart of Manchester.”

 

Graham Bates, CEO at LIV Group, added: “We have enjoyed a fantastic relationship with the team at Scarborough Group over the past couple of years and we are extremely excited and proud to be appointed to manage what will become a unique living environment for our future residents. We will change the way people rent with a culture of customer service at the centre of everything.”

 

Middlewood Locks is being developed by FairBriar International, a joint venture between Scarborough, Hualing Group (based in Urumqui, Xinjiang, China) and Metro Holdings Limited, a Singapore-listed property development and investment group. The project is designed by architects, WCEC Group and construction is being undertaken by Beijing Construction and Engineering Group.

 

 

 

 

Scarborough submits planning application for phase two of Middlewood Locks, Manchester Posted: 3rd Oct 2016

Scarborough submits planning application for phase two of Middlewood Locks, Manchester

The McCabe family's Scarborough Group International (Scarborough), the UK and international real estate investor and developer, today announces that FairBriar International has submitted an application for detailed planning consent for the second phase of its 24-acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District. The proposals for this second phase are for a further 546 new homes in four separate buildings.

 

FairBriar International is a joint venture between Scarborough, Hualing Group, based in Urumqui, Xinjiang, in China and Metro Holdings Limited, a Singapore-listed property development and investment group. Construction is being undertaken by Beijing Construction and Engineering Group (BCEGI), the Chinese construction and engineering firm.

 

Scarborough received outline consent for the development from Salford City Council in March 2015 and detailed planning consent for the first phase of around 571 homes and associated commercial space, including convenience shops and restaurants, in December 2015. The enabling works for the first phase of residential development commenced in April 2016 and the first residents are expected to start moving-in in late 2018.

 

Overall, Middlewood Locks will deliver a new mixed-use neighbourhood, which, in total, will provide around 2,215 new homes and more than 750,000 sq ft of commercial development space, including offices, hotel, shops, restaurants, a convenience store and gym. The development, designed by architects, WCEC Group, is around three large basins of the Manchester, Bolton and Bury Canal in Salford and is just a short walk from the central business district and retail amenities of Manchester.

 

The site has a gross development value of more than £700 million and is expected to create more than 7,000 jobs for the area.

 

Paul Kelly, Head of Development of Scarborough, said: “This is another step in creating a reality of our vision for Middlewood Locks. This development is providing much needed homes and quality office space capable of attracting major organisations, all in an environment that recognises people come first. Work on site is progressing rapidly; you will be able to see buildings start to go up by later this year with people and businesses moving in as early as 2018.”

 

Ian Lowson, Project Architect of WCEC Group, said: “Following phase one’s successful start on site our plans for phase two demonstrate further FairBriar International’s intent that Middlewood Locks, Salford, will be a world class neighbourhood. The proposals represent an extensive and rigorous design process involving true collaboration with all involved in this project.”

 

ANGLO-CHINESE CONSORTIUM SIGN AGREEMENT FOR NEW €230 MILLION POWERPLANT IN SERBIA Posted: 19th Jul 2016

ANGLO-CHINESE CONSORTIUM SIGN AGREEMENT FOR NEW €230 MILLION POWERPLANT IN SERBIA

 

UK-based Scarborough Group International (“Scarborough”) and state-owned China National Electric Engineering Co (“CNEEC”) (together, the “Consortium”) announce that they have signed an Engineering, Procurement and Construction (“EPC”)  agreement for the development of a new €230 million (US$255 million), 240 MW, combined cycle natural gas fueled heat and power plant project in the city of Loznica, Serbia. Under the agreement CNEEC will undertake the construction of the entire project.

 

Once the project is approved by government authorities, construction of Phase I, providing 120 MW, will start as early as the end of 2016, and become operational by the end of 2018 and Phase II, for the remaining 120MW is expected to be delivered about one year later.

 

The Consortium has also got the support from a Chinese state-owned bank, to finance the project; Sinosure (China’s Export & Credit Insurance Corporation), which could provide export credit insurance on the financing package, also expresses its interest in the project.

 

Scarborough acquired the Loznica project several years ago from the Serbian government under a privatisation scheme and the intervening period has been spent liaising extensively with relevant Serbian government divisions and Chinese authorities including the country’s Embassy to Serbia. The target of the project is to change the old-fashioned coal-fired power plant into a clean energy natural gas power plant.

 

The project will provide Serbia with a significant number of both ‘hard’ and ‘soft’ benefits including:

Ø  a significant boost to local economy

Ø  a strengthening of strategic ties between China and Serbia

Ø  a reduction in dependency on imported electricity, improving energy security

Ø  a tangible step towards becoming harmonized with EU directives of Third Energy Package

Ø  no need for state guarantees, this is a private-sector investment by Anglo-Chinese consortium of Scarborough Group and CNEEC with China Development Bank

Ø  the creation of highly skilled jobs; new employment for 150+ people locally

Ø  a boost for local economy with engagement of local sub-contractors for at least 20% of works

Ø  a tax revenue boost locally and nationally

Ø  the reduction in environmental impact of EPS’s carbon footprint

Ø  The Loznica plant is situated in a geographically strategic location, at the crossroads of key high voltage electrical transmission lines, adjacent to international gas pipelines, with the ability to supply both the domestic market as well as exporting electricity production to regional markets in south and central eastern Europe.

 

Kevin McCabe, chairman of Scarborough Group International, commented: “After years of hard work we are now very close to getting this project off the ground. This would not be the case but for the vision and perseverance of the Chinese and the Serbian governments, the hard work of their respective ministries and state enterprises, the cooperation of the Chinese Embassy to Serbia and ,of course the support of the Mayor and community of Loznica.”

 

Mr Liao Shengsong, Vice President of CNEEC, added: “These are milestone agreements, opening the doors for greater cooperation between Serbia and China especially with our partners, Scarborough. Furthermore, CNEEC will work to promote local economic growth and development of clean energy in Serbia. We will provide high-quality projects so as to pursue common development under the principle of reciprocity and enhance friendship between China and Serbia.”

 

We are ready to kick off the project, looking forward to its success, and working hard toward this goal underway.

Planning consent granted for Phase 2 of Scarborough’s Newport development, South Wales Posted: 13th Jul 2016

Planning consent granted for Phase 2 of Scarborough’s Newport development, South Wales

Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has received planning consent from Newport City Council of its £30 million phase 2 development of the Station Quarter in Newport, South Wales.

 

Phase 2 will include a 45,000 sq ft grade A office building across five levels which will be named ‘Interface’. There will be complementary leisure and ground floor retail facing a new public plaza.

 

Located opposite Newport Train Station, the scheme will add to the success of the Station Quarter development and will be situated in a highly accessible location for pedestrian, vehicle and public transport.

 

Scarborough completed the first phase of the redevelopment, Admiral House in May 2014, comprising 80,644 sq ft of office accommodation let to Admiral Insurance, with the capacity to accommodate some 1,200 staff, along with 28,000 sq ft of retail and leisure space. The Gym Group is now open and other potential uses include bars, restaurants and coffee shops.

 

The lead architect on Cambrian Centre Phase 2 was Holder Mathias.

 

Kate Howe, Associate Director, Scarborough Group, said: “The Interface development will build upon the success we have already enjoyed at Station Quarter, adding much needed capacity to this strategic location. This second phase of the development demonstrates our commitment to developing in Newport, a dynamic city which has a growing prominence as a place to live, shop and work.

 

We are working with the local and national government to attract major occupiers to the site and to show our support for the long term vision of Newport. By providing both local and national companies with Grade A office space, we will continue to attract investment to one of the UK’s most vibrant and progressive cities.”

 

Councillor Debbie Wilcox, Leader of Newport City Council, said: “Our city is continuing to thrive and this high-quality development is another signal of growing confidence in Newport. I would like to congratulate Scarborough on their ambitious plans which complement our vision of a digital, hi-tech city. We will continue to work with the company and I am sure the development will attract first class companies or organisations, and that can only benefit the city for many years to come.”

 

Scarborough Group secures planning consent for Orbital 1, Stockport Posted: 23rd Jun 2016

Scarborough Group secures planning consent for Orbital 1, Stockport

Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has been granted a hybrid planning consent by Stockport City Council for its 12.5-acre Orbital 1 development on Junction 1 of the M60 motorway in South Manchester. The development will be a mixed use Industrial, Trade Counter and Retail Scheme.

 

Scarborough Group submitted a hybrid planning application to Stockport City Council in December 2015 to deliver the mixed use development. The scheme is centred in one of the most sought after areas of the North West and is within easy reach of Manchester City Centre. Nearby occupiers include Audi, BMW, Volkswagen, B & Q, Decathlon, Pets at Home and The Co-operative Bank.

 

Preparatory works can now commence on site, ensuring it is ready for the main construction works, which are expected to start in Q4 2016. The first phase will comprise the development of 55,000 sq ft of retail space and significant investment in infrastructure. Scarborough Group will begin the works with the construction of a new highway junction, which will provide improved access to the development.

 

Detailed plans for the 72,500 sq ft of Industrial and Trade Counter Units and a 1,500 sq ft café will be submitted imminently. The site has a gross development value of more than £20 million and is expected to create more than 300 jobs for the local region.

 

Knight Frank and Davies Harrison are acting as joint industrial agents for Scarborough Group and Lambert Smith Hampton is acting for the retail occupiers respectively. Zerum Consult was instructed as planning consultants.

 

Kate Howe, Associate Director, Scarborough Group, said: “We are thrilled to have secured consent at such a prominent and strategically important site. The success of the application has been largely due to the extensive discussions we have had with the local authority over the last 18 months to achieve a use mix and design that meets the needs of both commercial and retail occupiers, as well as complimenting the wider aspirations and regeneration plans for the Stockport area. Orbital 1 will regenerate a highly visible location at the gateway to Stockport and provide a key destination for both retail and industrial users. We have seen very strong occupier demand and are confident that we will announce significant lettings in the near future. ”

 

 

 

 

Scarborough Group sign up two tenants at Marina Quay, Rhyl Posted: 24th May 2016

Scarborough Group sign up two tenants at Marina Quay, Rhyl

Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has secured a further two lettings at its £23.4 million Marina Quay development on the seafront in Rhyl, North Wales.

 

Having secured pre-lets on 49,000 sq ft of retail space, Scarborough Group has now secured a 20 year lease with Burger King, on 1,800 sq ft of space. In addition Greggs, the largest bakery chain in the UK, has signed a 10 year lease on 1,540 sq ft of space.

 

Barnfield Construction began preparatory work in January 2016. Following infrastructure discussions there had been a delay to construction, however this matter has now been resolved and work is due to commence back on site today, with a view to completing the first phase by Spring 2017.  

 

Designed by NW Architects, the development will generate approximately 500 jobs (with others created through support businesses) in an area which has historically lacked significant economic activity. This is likely to include a number of part time opportunities which would potentially be attractive to the full range of the employment market, including the long term unemployed, mothers with children at school, students, single parents, older people who have been made redundant, and younger people who have never worked.

 

Scarborough Group has been working with the Council and JobCentre Plus in Rhyl to ensure employment opportunities at Marina Quay are accessible to local Rhyl residents.

 

Kate Howe, Associate Director, Scarborough Group, said: “We are eager to be back on site following the recent delay which was due to ongoing infrastructure discussions with the local authority. We have progressed matters as quickly as possible and Barnfield Construction have begun mobilising their resources ahead of the imminent construction works.

 

We are pleased at the continued strong occupier interest we are experiencing and believe Burger King and Greggs will provide a wide variety to shoppers visiting Marina Quay, as well as those visiting the wider Rhyl area. We look forward to announcing further additions in the near future.”

 

SPECULATIVE OFFICE SCHEME TAKES SHAPE AT THORPE PARK LEEDS Posted: 13th May 2016

SPECULATIVE OFFICE SCHEME TAKES SHAPE AT THORPE PARK LEEDS

The steelwork is now completed and development is ahead of schedule for what is currently Leeds’ only major out of town speculative office scheme.  

GMI Construction is progressing apace to deliver Paradigm at Thorpe Park Leeds, a premium ‘headquarters’ office building ready for occupation by November this year. Guests recently attended an official ‘topping out’ event to mark the occasion.

Paradigm offers 31,650 sq ft of lettable space with principal floor plates ranging from 8,800 sq ft to 10,275 sq ft and 122 car parking spaces. The building is prominently located overlooking Junction 46 of the M1.

It is the first of a total 940,000 sq ft of new business space planned at the Thorpe Park Leeds where planning consent has been secured for a further 1.35 million sq ft of mixed use accommodation, bringing a significant boost to the East Leeds economy. 

Development plans include a 300,000 sq ft shopping and leisure park, where Next is confirmed as anchor tenant, 300 new homes by Redrow and 140 acres of parkland and sports facilities.

Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities.

Delivery of the next phase of development at Thorpe Park Leeds follows last year’s announcement that Legal & General Capital were to invest £162 million as joint development partner with site owner Scarborough Group International.

JLL, Cushman & Wakefield and BNP Paribas Real Estate are appointed to market Paradigm.

 

Adam Cockroft, Director at Cushman & Wakefield said, “It is fantastic to see the rapid development of Paradigm at Thorpe Park Leeds which, with the recent announcement of Next on site and other retail and leisure operators in talks, is becoming more of a destination than a standard office park.  This is a major plus point for potential occupiers seeking out of town convenience and connectivity with unprecedented facilities.”

 

Michael Leonard, Director at BNP Paribas Real Estate said, “It is quite rare to see such high quality specification for an out of town office location. We would expect to let the building to occupiers seeking highly visible, headquarters style premises.”

Thorpe Park Leeds is already an important business location for both Leeds and the North of England, located just six miles east of Leeds City Centre, with direct access off junction 46 of the M1.  The new development plans are groundbreaking in their mix of uses and scale and Thorpe Park Developments vision is to develop a business and leisure location unequalled in the UK creating a truly unique place for both existing and new occupiers.

Thorpe Park Leeds recently won the coveted ‘Best Deal’ Award at the Yorkshire Property Awards for its groundbreaking funding arrangement with Legal & General Capital.

 

Visit www.thorpeparkleeds.com for details.

Scarborough Starts Work on Site at Middlewood Locks, Manchester Posted: 11th May 2016

Scarborough Starts Work on Site at Middlewood Locks, Manchester

The McCabe family's Scarborough Group International, the UK and international real estate investor and developer, announces that FairBriar International has started work on site today for the first phase of its 24-acre Middlewood Locks development, a new residential and commercial neighbourhood at the western gateway to Manchester's Central Business District.

 

FairBriar International is a joint venture between Scarborough, Hualing Group, based in Urumqui, Xinjiang, in China and Metro Holdings Limited, a Singapore-listed property development and investment group. The work is being undertaken by Beijing Construction and Engineering Group (BCEGI), the Chinese construction and engineering firm, as the Scarborough’s preferred contractor for the development.

 

The first phases, which were granted detailed planning consent by Salford City Council in December last year, will comprise the development of 571 homes and associated commercial space, including convenience shops restaurants, extensive new public realm in the form of canal side footpaths and cycle ways that will connect into the city centre. With a phased building programme the first residents are expected to start moving in early 2018.

 

Middlewood Locks received outline planning consent in March 2015 to deliver a new mixed-use neighbourhood, which, in total, will provide around 2,000 new homes and more than 750,000 sq ft of commercial development space, including offices, hotel, shops, restaurants, a convenience store and gym. The development, designed by architect, WCEC Group, is around three large basins of the Manchester, Bolton and Bury Canal in Salford and is just a short walk from the central business district and retail amenities of Manchester.

 

The site has a gross development value of more than £700 million and is expected to create more than 7,000 jobs for the local region.

 

Lee Savage, Development Director of Scarborough, said: "We are thrilled to be starting on site at last. It marks the culmination of many months of intensive preparation and allows the local communities to see for themselves some real progress. The whole team will be concentrating on delivering a development of which Salford and Greater Manchester can be truly proud.”

 

Salford City Mayor Paul Dennett said: "I'm really pleased to see the long-awaited development start on this derelict site.   Middlewood Locks will create a new community with much needed homes, commercial space and jobs whilst utilising our historic canal system, celebrating our industrial past.”

 

Mr Xing Yan, Managing Director of BCEGI, said: “we are proud to be working on Middlewood Locks with Scarborough Group and their partners on what we believe will be a vibrant new neighbourhood for Salford. We are looking forward to engaging with the nearby communities as the construction works progress.”

 

Planning application submitted for Phase 2 of Scarborough’s Newport development, South Wales Posted: 27th Apr 2016

 

Scarborough Group International (SGI), the UK and international real estate investor and developer, today announces that it has submitted an application for detailed planning consent for Phase 2 of its £30 million commercial development at the Station Quarter in Newport, South Wales.

 

The proposals for the second phase of the redevelopment of the Cambrian Centre site, bordered by Queensway and Cambrian Road, include a further 45,000 sq ft of office development. The building will be named ‘Interface’ and will sit across 5 levels with complementary leisure and ground floor retail facing the new plaza.

 

Scarborough completed the first phase of the redevelopment, Admiral House in May 2014, comprising 80,644 sq ft of office accommodation let to Admiral Insurance, with the capacity to accommodate some 1,200 staff, along with 28,000 sq ft of retail and leisure space, and a new public plaza.

 

Knight Frank and Cook and Arkwright acted as joint agents for Phase 2 of the development.

 

Kate Howe, Associate Director, Scarborough Group, said:  “We are excited to have reached this latest stage in delivering the mixed-use regeneration scheme at Station Quarter. It is clear that Newport is in need of new, high quality, office accommodation in order to support the City’s economic growth and build upon the already successful regeneration of Newport City centre. We hope to secure planning consent in the coming weeks which will enable development delivery preparations to move forward through 2016 in order to deliver a landmark building for Newport.”

 

NEXT TO ANCHOR RETAIL SCHEME AT THORPE PARK LEEDS Posted: 4th Apr 2016

Next has agreed a deal to occupy a store that will comprise a gross internal area of 18,000 sq ft at Thorpe Park Leeds, the established business park which is set for further development into a major strategic mixed use scheme.

The popular high street operator is to anchor the retail element of the new 300,000 sq ft shopping and leisure park at Thorpe Park Leeds.

Thorpe Park Developments Limited, a joint venture between Scarborough Group International and Legal & General Capital, is already progressing works on site to deliver phase two comprising over 1.3 million sq ft of mixed use accommodation.

Scarborough recently announced a deal with Redrow to sell a part of the site for 300 new homes and is progressing the speculative delivery of a 31,650 sq ft Grade A office building, the first of 940,000 sq ft planned for the site. 

Planning permission was granted last month for a new 60,000 sq ft multi-screen cinema in phase two which also includes 140 acres of parkland and sports facilities.

Thorpe Park Developments Ltd has confirmed that detailed discussions are ongoing with a number of other major operators to fulfil the retail and leisure provision well in advance of development. 

Mark Jackson, Consultant for Scarborough Group International said, “The deal with Next is a major milestone for Thorpe Park Leeds which until now has remained a successful yet traditional business park. Radical plans for phase two will change all of that, transforming Thorpe Park Leeds into a true mixed use destination, delivering on site amenities for an anticipated 13,500 working population at the park as well as the surrounding communities.”

 A Next Spokesperson said, “Thorpe Park Leeds is a great location for Next with its dense population catchment and position on the strategic road network. We can see that it is already a vibrant environment that will be enhanced further with the extension of the business park, the new shops and restaurants, new homes and public space. We are very pleased to be involved in such an important project for the City of Leeds, and look forward to delivering our new store in this prominent location.”

Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities. 

Scarborough Group International has worked closely with Leeds City Council to develop the new plans for Thorpe Park Leeds and the critical infrastructure that it will deliver for east Leeds. In August 2015 Legal & General Capital committed to invest £162 million into the project and became a 50:50 partner to fund future development works.

Phase two at Thorpe Park Leeds includes delivery of the first section of the ‘East Leeds Orbital Road’, a key piece of infrastructure connecting north and east Leeds to Junction 46 of the M1. This road will unlock land for the construction of up to 7,000 new homes in the East Leeds area, land that is either already allocated in the Local Plan or which is ‘brownfield’.

LEEDS’ ONLY OUT OF TOWN SPECULATIVE OFFICE SCHEME STARTS AT THORPE PARK LEEDS Posted: 17th Mar 2016

Thorpe Park Developments Ltd, a joint venture between Scarborough Group International and Legal & General Capital, has started on site with the speculative development of the first Grade A office building in phase two at Thorpe Park Leeds.  

This is currently the only major out of town speculative office scheme being delivered in Leeds and will be available for occupation from November 2016.

Paradigm is a 31,650 sq ft, premium ‘headquarters’ office building which sits prominently at the gateway to Thorpe Park Leeds overlooking the M1 at Junction 46.  It is the first of a total 940,000 sq ft of new business space planned at the business park where planning consent is secured for a further 1.35 million sq ft of mixed use accommodation, bringing a significant boost to the East Leeds economy. 

Development plans include a 300,000 sq ft shopping and leisure park with cinema, 300 new homes, further leisure and hotel space and 140 acres of parkland and sports facilities.  Strategic construction partner GMI Construction has advanced ground preparation with a phased delivery programme well underway.

Thorpe Park Leeds is already a well-established 800,000 sq ft business park with over 60 occupiers including IBM, National Grid, Kier, Laing O’Rourke, Atkins, BAM and United Utilities.

Delivery of the next phase of development at Thorpe Park Leeds follows last year’s announcement that Legal & General Capital were to invest £162 million as joint development partner. 

Mark Jackson, consultant at Scarborough Group International said, “We are pleased to announce the start on site for Paradigm which is the first of a new era of office buildings at Thorpe Park Leeds. Occupiers now want more from today’s business park which means that on site amenities that support wellbeing and a sense of community are just as important as location and connectivity.  We believe that Thorpe Park Leeds’ new vision has all of the right ingredients to provide a sustainable business location for occupiers for the long term.”

JLL, Cushman & Wakefield and BNP Paribas Real Estate are appointed to market Paradigm.

 

 

 

Jeff Peary, Lead Director for Yorkshire and the North East at JLL said, “We saw an improvement in demand for out of town offices during the latter half of 2015 with over 250,000 sq ft taken up during the year.  There is a real shortage of larger quality modern buildings and Paradigm is therefore arriving at the right time to satisfy this need.”

 

Adam Cockroft, Director at Cushman & Wakefield said, “The joint venture has seized the opportunity to build speculatively in a market devoid of newly built quality space. We expect this to translate into early letting success.”

Michael Leonard, Director at BNP Paribas Real Estate said, “With no other new builds on site and average take up over the last 5 years being 326,000 sq ft for out of town offices, this is a good time for a premium office building to be on site.”

 

Thorpe Park Leeds is already an important business location for both Leeds and the North of England, located just six miles east of Leeds City Centre, with direct access off junction 46 of the M1.  The new development plans are groundbreaking in their mix of uses and scale and Thorpe Park Developments vision is to develop a business and leisure location unequalled in the UK creating a truly unique place for both existing and new occupiers.

Paradigm offers 31,650 sq ft of lettable space with 122 car parking spaces. Principal floor plates range from 8,800 sq ft to 10,275 sq ft.    The building is located overlooking Junction 46 of the M1, Crossgates railway station is within one mile and new bus services are planned to run through Thorpe Park Leeds.

Visit www.thorpeparkleeds.com for details.

 

Ends

 

Scarborough forms joint venture to develop Sheffield office scheme Posted: 14th Mar 2016

Scarborough Group International (Scarborough), the UK and international real estate investor and developer, announces that it has entered into a 50/50 joint venture agreement with Metro Holdings Limited of Singapore (Metro) for the development of the next phase of Sheffield DC, Sheaf Street, in Sheffield’s city centre, adjacent to the main railway and bus stations. In addition to acquiring an equity stake in the project, Metro has also agreed to provide an initial 3-year development funding facility.

 

The development comprises two Grade A office buildings, Acero Works and Vidrio House. Acero will provide 80,326 sq ft (net) of high quality office accommodation over six floors with floor plates ranging between 11,488 and 14,694 sq ft. Vidrio will provide 50,900 sq ft (net) over eight floors with floor plates of between 5,819 and 6,558 sq ft. There will be on-site parking for 104 cars. The Metro  funding line will finance the construction of Acero Works, which is to be developed on a speculative basis.  The investment is ground-breaking, bringing Singaporean investors to the City of Sheffield to develop a speculative office building, and demonstrates the positive sentiment in Sheffield and across the Northern Powerhouse cities.

 

Construction of Acero Works has now commenced, with completion expected in July 2017.  The completed scheme, incorporating both Acero and Vidrio will have a GDV of £40m and is expected to create an estimated 1,300 new jobs.

 

Scarborough, working in partnership with the Homes and Communities Agency started development of Sheffield Digital Campus, providing four office buildings in 2006. The first building  providing 50,000 sq ft was pre-let to Sheffield City Council who established ‘The Electric Works’, offering flexible and high quality offices for creative, digital and media business. A second speculatively built building of 50,000 sq ft, Ventana House, was completed adjacent to the Electric Works, and was fully let between July 2010 and March 2011 to Sky, Kennedys, Michael Page, and Coal Pension Trustees.

Scarborough’s “Hat Box” Manchester residential scheme fully sold out! Posted: 16th Feb 2016

Scarborough’s “Hat Box” Manchester residential scheme fully sold out!  Scarborough Group International (SGI), the UK and international real estate investor and developer, announces that the £30 million, 144 unit, ‘Hat Box’ residential development in New Islington, Manchester is now fully sold out.

 

 ‘Hat Box’ is developed by FairBriar Real Estate, a joint venture between SGI, Hualing Group of the People’s Republic of China, and Metro Holdings, of Singapore.

 

It is the second phase of Milliners Wharf in New Islington providing one, two and three-bedroom apartments across two contemporary new buildings adjacent to Milliners Wharf.    The first building is due to be handed over soon and the second building will follow shortly in the next month.

 

The Hat Box apartments are light, airy and spacious and have been completed to a high specification with balconies or private terraces in most apartments. It offers excellent facilities, including concierge, a sky garden, secure parking and bicycle stores,is ideally located close to the Metrolink and within walking distance of the centre of Manchester. The area, New Islington which has undergone huge regeneration offers good amenities for residents, such as schools, a nursery, a gym, shops, bars and a health care centre.

 

Simon McCabe, Director at Scarborough, said: “We are delighted to have secured full reservation at the Hat Box scheme, demonstrating our ability to deliver high-quality homes that cater to owners-occupiers and investors alike . This level of demand is further testament to Manchester’s reputation as one of the UK’s most vibrant, cosmopolitan and progressive cities.”

Redrow Acquires site for 300 new homes at Thorpe Park Leeds Posted: 1st Feb 2016

Thorpe Park Developments Ltd, a joint venture between Scarborough Group International and Legal & General Capital, has agreed a deal to sell a significant 20.3-acre development site at Thorpe Park Leeds to Redrow for the delivery of up to 300 new homes. 

 

The deal with Redrow, which is one of the UK’s leading housebuilders, forms part of a wider plan to deliver the residential element of a mixed use scheme in phase two on the celebrated 200-acre site in East Leeds.  

 

Redrow’s Yorkshire operation will develop housing with an anticipated finished worth of almost £70 million. Redrow will also be responsible for a package of community benefits worth circa £1.85 million, including contributions to education and public transport, in addition to wide ranging community provisions by Scarborough as part of the overall scheme.

 

In addition to the housing, Thorpe Park Leeds has planning consent for a transformational 1.35 million sq ft mixed use expansion of the existing 800,000 sq ft business park. Preparation work is already underway to deliver a new 300,000 sq ft shopping and leisure park and a first phase of 40,000 sq ft of offices. The development also includes a 113 acre public park with sports facilities.

 

Redrow’s development will be a ‘gateway’ to the eventual creation of up to 7,000 homes including the East Leeds Extension. The Thorpe Park Leeds development will deliver the primary infrastructure to kick start the new East Leeds Orbital Road (ELOR) and the initial site preparation works have already commenced to connect Manston Lane, Crossgates, to J46 of the M1.

 

Matthew Barker, land director for Redrow Homes (Yorkshire), said: “We’re very excited to be involved in the Thorpe Park Leeds project and, with it, the wider East Leeds Extension, which is the largest housing development in the Leeds City region.”

 

“The Manston Lane Link Road is due to open during 2017, which will enable works to commence on the Thorpe Park Leeds residential area. We will submit a reserved matters detailed planning application during 2016 so that we are ready to progress as soon as possible.”

 

Redrow expects to build mostly two, three and four-bedroom homes and some one-bedroom apartments. It will seek permission for homes from two different product ranges – the Arts & Crafts inspired Heritage Collection and the Georgian-influenced Regent Collection, ensuring a wide choice of homes for different audiences.

 

Work will hopefully commence in 2017 with completion of all 300 homes scheduled by 2021.

 

Mark Jackson Consultant to Scarborough Group International, said: “We are looking forward to working with Redrow Homes on the next phase of Thorpe Park Leeds. The quality of Redrow’s homes and its approach to design is very much in keeping with the high standards that we intend to establish in the development of Thorpe Park Leeds which is founded on four key themes; Community, Health and Wellbeing, Connection and Enterprise. We believe that Redrow shares our ethos and understands our vision and we will work together to ensure integration to the wider Thorpe Park Leeds project and indeed East Leeds’s wider community.”

Thorpe Park Leeds is already an important business location for both Leeds and the North of England, located just six miles east of Leeds City Centre, with its own dedicated access off junction 46 of the M1. Among the 60 occupiers of the existing office space are IBM, National Grid, GE Capital, Vinci, BAM and United Utilities.

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